ProShares UltraShort Yen (NYSEARCA:YCS) Shares to Split on Wednesday, November 6th

Shares of ProShares UltraShort Yen (NYSEARCA:YCS) are going to split on Wednesday, November 6th. The 2-1 split was announced on Monday, October 28th. The newly issued shares will be payable to shareholders after the market closes on Tuesday, November 5th.

ProShares UltraShort Yen Stock Up 1.4 %

Shares of NYSEARCA YCS opened at $88.93 on Friday. The business has a fifty day simple moving average of $81.04 and a 200-day simple moving average of $85.65. ProShares UltraShort Yen has a 12 month low of $68.55 and a 12 month high of $96.65.

Institutional Investors Weigh In On ProShares UltraShort Yen

An institutional investor recently bought a new position in ProShares UltraShort Yen stock. Brookstone Capital Management purchased a new position in ProShares UltraShort Yen (NYSEARCA:YCS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,106 shares of the company’s stock, valued at approximately $368,000. Brookstone Capital Management owned approximately 0.92% of ProShares UltraShort Yen at the end of the most recent reporting period.

About ProShares UltraShort Yen

The ProShares UltraShort Yen (YCS) is an exchange-traded fund that is based on the Japanese Yen per U.S. Dollar index. The fund provides a 2x inverse multiple to the daily performance of the Japanese yen spot price against the US dollar as measured by Reuters. YCS was launched on Nov 25, 2008 and is managed by ProShares.